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Fred's (NASDAQ:FRED) has received a consensus recommendation of “Hold” from the nine analysts that are covering the stock, American Banking reports. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $14.50.

FRED has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of Fred's from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Separately, analysts at Zacks reiterated an “underperform” rating on shares of Fred's in a research note on Wednesday, June 4th. They now have a $14.00 price target on the stock. Finally, analysts at Wedbush reiterated a “neutral” rating on shares of Fred's in a research note on Friday, May 30th. They now have a $12.00 price target on the stock, down previously from $14.00.

Shares of Fred's (NASDAQ:FRED) opened at 14.82 on Tuesday. Fred's has a 52-week low of $14.53 and a 52-week high of $21.05. The stock’s 50-day moving average is $15.31 and its 200-day moving average is $17.48. The company has a market cap of $546.2 million and a price-to-earnings ratio of 26.52.

Fred's (NASDAQ:FRED) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.17 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.20 by $0.03. The company had revenue of $498.30 million for the quarter, compared to the consensus estimate of $501.64 million. During the same quarter last year, the company posted $0.31 earnings per share. Fred's’s revenue was down .6% compared to the same quarter last year. Analysts expect that Fred's will post $0.63 EPS for the current fiscal year.

Fred’s, Inc is engaged in the sale of general merchandise through its retail discount stores and full-service pharmacies.

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